July 17, 2010 - PRLog -- These programs are designed for federal hardship assistance. An American citizen that is at least 18 years old can be eligible for aid if they can prove that they are financially devastated.

“...The Obama administration understands that there can be many different kinds of personal liabilities. That is why the government has made numerous federal hardship programs in order to help a wide variety of financial difficulties. Individuals can apply for one or several programs to help with their specific financial situations...”

Here are the basic types of government grants that are available to American citizens:

Housing - There are 6 housing programs available. Some help you negotiate for a loan modification.Business - This area has 3 programs that address most of the areas of business debt.Education - There are 6 kinds of programs available including help with burdensome student loans.Personal - This area has 4 kinds of programs available.Medical - There are 9 programs available for various types of medical expenses.

The government wants to help individuals that have the worst financial conditions. You should prepare a list of your liabilities, living expenses and income to prove that you are desperately in need of a government grant for debt relief. Make sure every number and description match the ones that you put on the application. Be sure to follow the instructions exactly without neglecting any requested information.

In addition, read each application carefully because every one will have its own unique requirements. For example, the deadline dates may be different between programs. Also, some applications might require several years of tax records. You might be asked for more proof of income and assets such as bank statements, stock certificates, property deeds and rental property contracts.

“...Typically, the government aid can range from $500 to $20,000. These programs may pay nearly 60% of all your liabilities. The first thing that you should pay off is the credit card with the highest rate or the biggest balance. This will save you from paying anymore high interest costs. In addition, it is one of the fastest ways to give your credit rating a boost...” added A. Lillo.

The federal hardship assistance programs can dramatically reduce the amount of money that you owe and allow you to get a fresh start. Do not wait too long because the funds will not last forever.